Will there ever be another NHL franchise in Canada? The economics suggest not – Globe and Mail Op-Ed
A new NHL season has arrived – notably with the addition of the Seattle Kraken as the league’s 32nd franchise. The emergence of another American team in a league that only has seven Canadian ones, however, begs the question: What would it take for Canada to secure another NHL franchise? Will it ever happen? The answer requires examining the prospect of financial success.
A first core factor is market size and consumer demand. Having a large enough population with a passion for the sport is key to ensuring that there are not only enough viewers at home to satisfy TV advertisers, but that home arena seats can be filled every game night. Attending a professional sports event is expensive, so relatively high income levels are…
Les banques centrales s’approchent du dangereux passage entre Charybde et Scylla, les monstres marins de la mythologie grecque qui menaçaient les navires. Sauf que les écueils d’une faible croissance et de l’inflation sont bien réels.
La relance économique est enclenchée. Le Québec, pour l’un, a retrouvé son niveau de PIB d’avant pandémie dès mars. Mais ici comme ailleurs, cette reprise est encore mal assurée et inégale, comme on le voit dans les services livrés en proximité avec la clientèle.
L’inflation est manifeste, provoquée en grande partie par la perturbation des chaînes d’approvisionnement mondiales causée par la COVID-19, ce qui suggère qu’elle serait transitoire. Mais si les goulots d’étranglement persistent, ce…
With pandemic benefits ending, will the unemployed return to the work force? – Globe and Mail Op-Ed
All COVID-related economic recovery measures in Canada are set to end soon. Employers who have been having trouble filling vacancies are hoping this will spur a flood of people back into the work force, but unfortunately for business owners, the situation isn’t quite that simple.
In the early days of the pandemic, the federal government introduced the Canada Emergency Response Benefit (CERB) to ensure that a broad range of Canadians affected by the pandemic stayed afloat. Government supports like this and the Canada Emergency Wage Subsidy (which is scheduled to run until Oct. 23, 2021) sustained many people and businesses.
But the economy is in a different place now. The number of unemployed people was 1.4 million in…
